EURUSD received a new impetus for growth

  • May 10 2021
  • by
  • Analyst AZA
EURUSD received a new impetus for growth

EURUSD received a new impetus for growth on forex

Before the close of trading on Friday, the EURUSD currency pair rose strongly in price and was able to overcome the nearest resistance level. If the bulls are just as optimistic this trading week, the price may continue to rise another 60 pips to the nearest resistance level, which is slightly higher than our Take Profit, which is set at 1.2240. The MACD indicator is above zero levels, which gives us reason to believe that the uptrend may continue.

Symbol: EURUSD
Order Type: Pending Order - Buy Stop
Entry Price: 1.2180
Take Profit: 1.2240
Pips Earning: 60

As a result of a trading recommendation, the price reached Take Profit in a week.

As a result of a trading recommendation, the price reached Take Profit in a week.

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The profit can be $600.00 if the trading volume of 100000 EUR (1 Lot).

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